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页数:34页
时间:2021-12-30
《The Economics of Money Banking and Financial Markets 10E - Mishkin - TB chapter 18》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、EconomicsofMoney,Banking,andFin.Markets,10e(Mishkin)Chapter18TheInternationalFinancialSystem18.1InterventionintheForeignExchangeMarket1)Acentralbank________ofdomesticcurrencyandcorresponding________offoreignassetsintheforeignexchangemarketleadstoanequaldeclineinitsinternationalrese
2、rvesandthemonetarybase,everythingelseheldconstant.A)sale;purchaseB)sale;saleC)purchase;saleD)purchase;purchaseAnswer:CQuesStatus:PreviousEditionAACSB:Dynamicsoftheglobaleconomy2)Acentralbank________ofdomesticcurrencyandcorresponding________offoreignassetsintheforeignexchangemarketl
3、eadstoanequalincreaseinitsinternationalreservesandthemonetarybase,everythingelseheldconstant.A)sale;purchaseB)sale;saleC)purchase;saleD)purchase;purchaseAnswer:AQuesStatus:PreviousEditionAACSB:Dynamicsoftheglobaleconomy3)SupposethattheBankofJapanbuysU.S.dollarassetswithyen-denomina
4、tedassets.Everythingelseheldconstant,thistransactionwillcause________intheforeignassetsheldbytheFederalReserveand________intheU.S.monetarybase.A)anincrease;anincreaseB)anincrease;adecreaseC)adecrease;anincreaseD)adecrease;adecreaseAnswer:AQuesStatus:PreviousEditionAACSB:Dynamicsoft
5、heglobaleconomy34Copyright©2013PearsonEducation,Inc.4)SupposethattheBankofJapanbuysyen-denominatedassetswithU.S.dollarassets.Everythingelseheldconstant,thistransactionwillcause________intheforeignassetsheldbytheFederalReserveand________intheU.S.monetarybase.A)anincrease;anincreaseB
6、)anincrease;adecreaseC)adecrease;anincreaseD)adecrease;adecreaseAnswer:DQuesStatus:PreviousEditionAACSB:Dynamicsoftheglobaleconomy5)Whenthecentralbankallowsthepurchaseorsaleofdomesticcurrencytohaveaneffectonthemonetarybase,itiscalledA)anunsterilizedforeignexchangeintervention.B)ast
7、erilizedforeignexchangeintervention.C)anexchangeratefeedbackrule.D)amoneyneutralforeignexchangeintervention.Answer:AQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills6)AforeignexchangeinterventionwithanoffsettingopenmarketoperationthatleavesthemonetarybaseunchangediscalledA)a
8、nunsterilizedforeignexchan
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